
% Table created by stargazer v.5.2.2 by Marek Hlavac, Harvard University. E-mail: hlavac at fas.harvard.edu
% Date and time: Sat, May 04, 2024 - 07:12:50
\begin{table}[!htbp] \centering 
  \caption{Crisis Severity, Credit Spread and Bank Credit (using equity crash to define a crisis)} 
  \label{Severity regression on equity crashes} 
\begin{tabular}{@{\extracolsep{16pt}}lccccc} 
\\[-1.8ex]\hline 
\hline \\[-1.8ex] 
 & \multicolumn{5}{c}{\textit{Dependent variable: GDP Growth from $t$ to $t+3$}} \\ 
\cline{2-6} 
\\[-1.8ex]
 & \multicolumn{2}{c}{Bayesian} & \multicolumn{2}{c}{Diagnostic} & Data \\ 
\\[-1.8ex] & (1) & (2) & (3) & (4) & (5)\\ 
\hline \\[-1.8ex] 
 crisis$_t$ & $-$8.24 &  & $-$10.04 &  & $-$4.50 \\ 
  &  &  &  &  &  \\ 
  $(\frac{\text{bank credit}}{\text{GDP}})_t*$crisis$_t$ &  & $-$2.18 &  & $-$3.49 &  \\ 
  &  &  &  &  &  \\ 
 \hline \\[-1.8ex] 
Observations &  &  &  &  & 2548 \\ 
\hline 
\hline \\[-1.8ex] 
\multicolumn{6}{p{0.9\textwidth}}{\footnotesize 
                                       \textit{Note}: Model and data regressions are normalized so that the coefficients reflect the impact of one sigma change in spreads, and bank credit/GDP. 
                                       The coefficient in column (5) is from Table I (column 4) of \cite{baron2021banking}. 
                                       }
\end{tabular} 
\end{table} 
